here's the one-year on genzyme, clearly at a new 52-week high. the buyout talk first centered around sanofi-aventis as an interested party, but analysts also speculate genzyme would fit in at glaxosmithkline and johnson & johnson. for sanofi, five of its eight best-selling will have generic competitors within two years. the "wall street journal" reports glaxo has expressed interest in genzyme. of the three, johnson & johnson has the most cash on its balance sheet, about $18 billion. those better-than-expected new homes in june helped support buying of home building stocks as measured by the homebuilder exchange traded fund, the group is at new five-week high. today's volume was slightly below average. pulte group led the way, pulte reports earnings a week from wednesday. k.b. home saw twice its usual volume on today's rally. a move over $16 per share for lennar would break it out of the range its been in for two months. the home builders need to get their supplies someplace. home depot was among the top four best-performing dow components, rallyi

genzyme's market value, with this rally, is close to $17 billion. shares of sanofi fell on the speculation, dropping on four times its usual volume. three i.p.o.'s started trading this week, with mixed results. green dot sells pre-paid debt cards. it came public on thursday at $36 per share and continued climbing today. ameresco focuses on energy efficiency services. it's thursday debut was at $10, near its close tonight. and camelot information systems has a very british-sounding name, but is a chinese software services company. its i.p.o. price on wednesday was $11. it remains below that this evening. and that's tonight's "market focus." >> susie: a new lesson plan for the nation's for-profit schools; the department of education issued new rules on student loans today. those rules will curb federal financial aid at schools where most students don't pay back what they borrowed. the tighter controls come amid increasing concern that some for-profit schools issue expensive, but worthless, degrees. darren gersh reports. >> reporter: to qualify for fed

. >>> genzyme is jumping on takeover speculation. genzyme surged almost 8% as the "wall street journal" reported glaxosmithkline is interested, while bloomberg reported genzyme turned down sanofi-aventis. >>> united technologies will cut another 1,500 jobs this year. that's on top of 900 already eliminated this year and over 11,000 jobs cut last year. comair, a regional carrier owned by delta, has been fined over a quarter million dollars for violating regulations on bumping passengers. comair also is fighting filing inaccurate reports on the number of passengers bumped. >>> the european union opened two antitrust investigations against ibm monday accusing the technology giant of abusing its dominant position in the mainframe computer market. and, finally, "the hollywood reporter" reveals an unusual gift from 87-year-old viacom executive chairman sumner redstone to 29-year-old heather naylor, the lead singer of a struggling female rock band, the electric barbarellas. over $100,000 worth of his viacom stock. a spokesman for redstone w

genzyme the former joint is a top loser on the foot almost two percent u.s.stock futures are also down suggesting wall street will open lower next hour. european bank of reconstruction and development is in talks to buy a ten percent stake in the russian stock market is buying the state from kit finance which was an early victim of the financial crisis plans to make the purchase with disclosed versions. state bank estimates it to be worth eighty million dollars this says it aims to improve standards for most of the market the finance ministry is planning russia's biggest asset sale since the early ninety's the government aims to raise up to thirty billion dollars over three years to cut the budget deficit minority stakes in ten companies are up for grabs including russia's largest oil producer rose neff to power generator rose hydro and top lenders vitti be ans burbank the government could keep fifty percent plus one share of these partially listed companies in my latest. listed companies like russia israel monopoly. the record heat is forced a leading indust

morning trade in the euro glaxo smith kline pulling all reports interested in buying biotechnology genzyme pharmacies and geology is the top loser on the footsie down almost two percent. and the finance ministry is planning russia's biggest asset sale since the early ninety's the government aims to raise up to thirty billion dollars over three years to cut the budget deficit minority stakes in ten companies are for grabs including russia's largest oil producer roles know how it generates hydro and top lenders and bad loans the government could keep fifty percent plus one share of these harshly listed companies it may delay just sell stakes in a list of companies like russia is a rare look for a to. call maker after his hiring again as demand is pre-crisis levels russia's ministry of industry and trade expects the country's coal market to grow by fifteen percent this year but much of that is due to the cash for clunkers stimulus program . to the person who wants to buy simplest car and extend the moves to this program then so be it don't forget that we're still i mean qualified you know in

in early trading glaxo smith kline's pulling all reports is interested in buying biotechnology for genzymethe pharmaceutical giant is the top loser on the footsie down almost two percent. now in other news the european bank of reconstruction development is in talks about a ten percent stake in the russian r.t.s. stock market is buying a stake from kit finance the bank which was an early victim of the financial crisis e.b. r.d. plans to make the purchase with an undisclosed russian state bank the stakes estimated to be worth eighty million dollars if the ologies says it aims to improve standards in russia's stock market the finance ministry is planning russia's and biggest asset sales since the early ninety's the government aims to raise up to thirty billion dollars over three years to cut the budget deficit minority stakes in ten companies are up for grabs including russia's largest oil producer ross enough to power generators hydro and top lenders spare bank the government could keep fifty percent plus one share of these partially listed companies in malay to sell stakes and a list of com

have turned negative in europe with like the smith kline fully reported interested in buying protect genzyme the pharmaceutical giant is the main loser on the footsie down almost two percent. european bank of reconstruction and development is in talks to buy a ten percent stake in the russian stock market is buying the state from kit finance which was an early victim of the economic crisis the plans to make the purchase with an undisclosed russian state bank the state estimated to be worth eighty million dollars even though this is it aims to improve standards on russia's stock market the finance ministry is planning russia's biggest asset sale since the early ninety's the government aims to raise up to thirty billion dollars over three years to cut the budget deficit minority stakes in ten companies are up for grabs including russia's largest oil producer rose next power generator hydro and top lenders bt b. and burbank the government could keep fifty percent plus one share of these partially listed companies it may later sell stakes in unlisted companies like russia israel monopoly. lower